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147 N Gilbert St

9,696 SF 32% Leased Retail Building Hemet, CA 92543 $1,950,000 ($201/SF) 4.69% Cap Rate

Investment Highlights

  • Retail Industrial
  • Upgraded Hvac
  • Centrally Located
  • Lease option available.

Executive Summary

Will consider lease option to buy..

Financial Summary (Pro forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,696 SF
Building Class
B
Year Built/Renovated
1977/2024
Price
$1,950,000
Price Per SF
$201
Cap Rate
4.69%
NOI
$91,361
Percent Leased
32%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Land Acres
0.47 AC
Opportunity Zone
Yes
Zoning
C2 - Retail/Industrial
Parking
20 Spaces (2.06 Spaces per 1,000 SF Leased)
Frontage
97 FT on 147 N Gilbert St

Amenities

  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 5,424 SF
  • Retail
  • -
  • Now

IDEAL RETAIL AUTOMOTIVE OR OTHER RETAIL. LIGHT INDUSTRIAL AND MORE

  • D
  • 1,162 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 5,424 SF Retail - Now
D 1,162 SF Retail - Now

1st Floor

Size
5,424 SF
Space Use
Retail
Position
-
Available
Now

D

Size
1,162 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 5,424 SF
Space Use Retail
Position -
Available Now

IDEAL RETAIL AUTOMOTIVE OR OTHER RETAIL. LIGHT INDUSTRIAL AND MORE

Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Florida Inn
Walmart Neighborhood Market
Starbucks
U.S. Bank
Krispy Krunchy Chicken
Citi
Rent-A-Center
Grocery Outlet
Red Robin Gourmet Burgers And Brews
Wells Fargo Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
443-183-022
Land Assessment
$34,793 (2023)
Improvements Assessment
$338,970 (2023)
Total Assessment
$373,763 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 31084759

  • Date on Market: 2/29/2024

  • Last Updated:

  • Address: 147 N Gilbert St, Hemet, CA 92543

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